Autodesk, Inc. (NASDAQ:ADSK) Holdings Raised by Signaturefd LLC

Signaturefd LLC boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 3.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,150 shares of the software company’s stock after buying an additional 97 shares during the period. Signaturefd LLC’s holdings in Autodesk were worth $931,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ADSK. Mount Yale Investment Advisors LLC increased its stake in shares of Autodesk by 1.9% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after acquiring an additional 35 shares during the period. Y.D. More Investments Ltd boosted its stake in Autodesk by 1.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after purchasing an additional 35 shares in the last quarter. Grove Bank & Trust boosted its stake in Autodesk by 9.2% during the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after purchasing an additional 37 shares in the last quarter. Journey Strategic Wealth LLC raised its stake in shares of Autodesk by 4.6% in the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock worth $247,000 after buying an additional 37 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Autodesk by 11.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock valued at $106,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ADSK shares. Macquarie reiterated an “outperform” rating and issued a $360.00 price target on shares of Autodesk in a research report on Friday, February 28th. Morgan Stanley increased their target price on shares of Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. Finally, Scotiabank decreased their target price on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating on the stock in a report on Monday. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $336.29.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $268.30 on Thursday. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The business’s 50-day moving average price is $286.92 and its two-hundred day moving average price is $287.69. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $57.15 billion, a P/E ratio of 53.23, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.